Bank Vozrozhdenie Board of Directors held its meeting

13 August 2014

Today Bank Vozrozhdenie Board of Directors held its meeting.

The Board of Directors considered the Results of corporate governance assessment at Bank Vozrozhdenie and approved the Activities plan on corporate governance improvement for 2014-2015. Such assessment is held annually to develop the bank’s corporate procedures in accordance with the best Russian and international practices.

The Board considered and approved the internal document regulating the order of writing off uncollectable accounts receivable.

The Board of Directors has also considered a personnel issue — Ms. Tatiana Orlova, the Head of Marketing and Communications Department, was approved to stand for election to the Management Board. Thus, the Board made a decision to apply to the Bank of Russia for consent of her candidacy.

Ms. Orlova graduated from the Financial University under the Government of the Russian Federation majoring in “International economics” and the New York University majoring in “Public relations” and “Art business”. Ms. Tatiana Orlova joined Bank Vozrozhdenie in 2007 and headed the bank’s Marketing and Communications Department in 2012.